We help You. First time buyers and experienced homeowners alike. To access the very best mortgage solutions and rates for Kincardine, Port Elgin and across Ontario. Get clear answers in plain talk - quickly - based on our decades of experience. We have a gift of simplifying explanations. You can expect pre-approvals within 1-2 hours of meeting us and actual approvals within 1-2 business days after submitting your application.
You can meet with us after normal work hours so you don't need to take time off from your job. We compare dozens of mortgage lenders, mortgages and unpublished rate specials to bring you a menu of the best options in the local market for your unique situation, regardless of credit history. You get up to 40% off purchases from The Brick and any other cost-saving program we can deliver to ease the overall cost of home ownership.
You can meet with us after normal work hours so you don't need to take time off from your job. We compare dozens of mortgage lenders, mortgages and unpublished rate specials to bring you a menu of the best options in the local market for your unique situation, regardless of credit history. You get up to 40% off purchases from The Brick and any other cost-saving program we can deliver to ease the overall cost of home ownership.
Services
Jim Cook has been helping individuals and companies better understand their financial options for three decades. He wants to help you understand the mortgage process, get the best solution for you and your family and protect you from costly mistakes. His business is focused on first time purchasers as well as helping his extensive client base trade up, renew and refinance as needed.
You might look to a financial planner for investment advice. In the same way, you should seek a qualified and proven mortgage broker for mortgage advice with a purchase. Yes, friends and family will have their say - just like they have the perfect mutual fund or stock tip to recommend - but recognize that mortgages are part of a fast-moving, complex marketplace - and there are a lot of $000's involved.
In 2006, CMHC advised that 71% of mortgage holders refinanced their mortgage before renewal - and that almost one-third of them did so to consolidate debt. For example, a $10,000 credit card has base payments of $300 a month. That same $10,000 in a mortgage today would be $55 assuming a 3% rate and 20-year amortization.
So, you're trading homes. You've decided it's time to move from your current home. When trading homes, there are some things you need to know. If you are keeping your current home, perhaps as a rental, then the existing mortgage stays as is - and we need to look at the numbers to see how much additional mortgage you can qualify for.
Many lenders provide the same interest rates while others either charge slightly more or simple don't provide investment property mortgages. You must have minimum 20% down payment. Qualifying is a little tougher as only 50% of the rent is added to your income when calculating ratios. There are two lenders that are more flexible in how they look at rental income which is sometimes needed to get approval.
Reviews (9)
Miguel A. Bermudez
Oct 15, 2021
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Jim Mercer
Sep 19, 2021
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Positive: Professionalism, Quality, Responsiveness, Value
Jim was remarkable. The whole mortgage application process was a lot less stressful than it could have been because of the effort and care Jim put into helping us through it. We highly recommend Jim's services to anyone looking to get a mortgage.
Jim was remarkable. The whole mortgage application process was a lot less stressful than it could have been because of the effort and care Jim put into helping us through it. We highly recommend Jim's services to anyone looking to get a mortgage.
Alex Mateu
May 21, 2021
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Rachel Bennett
Mar 25, 2021
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Jim makes the process of buying a home, or remortgaging completely painless. He is so knowledgeable and patient. He’s quick to respond and keeps you in the loop with each step of the process, No surprises. He manages our expectations well with informed and
Realistic explanations. Provides a detailed idea of what all your options are - gives pros and cons to the options. Renewing our mortgages, selling our home in Port Elgin, buying a home in Southampton, and now taking advantage of the current mortgage rates, Jim has been a gem through it all. For myself who is very inexperienced with these
Realistic explanations. Provides a detailed idea of what all your options are - gives pros and cons to the options. Renewing our mortgages, selling our home in Port Elgin, buying a home in Southampton, and now taking advantage of the current mortgage rates, Jim has been a gem through it all. For myself who is very inexperienced with these
Keith Foulds
Dec 10, 2020
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Dan Cleary
Sep 28, 2020
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Arslan Baig
Jul 20, 2020
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Jim is a great mortgage broker. He really helped me through my first time home buying process, everything from getting me a great mortgage rate to educating me about all the details about different mortgages and the fees and hidden costs. He has a very systematic, step by step approach to the process and is always available to help and answer all sorts of mortgage and home buying questions.
If you must to get a mortgage you might as well get a mortgage broker it great service and it free and you might as well get the best mortgage broker out there JIM COOK!!!
If you must to get a mortgage you might as well get a mortgage broker it great service and it free and you might as well get the best mortgage broker out there JIM COOK!!!
Antihero Resuscitator
Jan 11, 2018
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Jim was phenomenal regarding his expertise and professionalism during out first home purchase. He took the time to explain everything in detail and was INCREDIBLY patient with a couple of newbies like ourselves, who have only ever previously rented. We literally can not say enough good things about his services, and will not hesitate to enlist his help if we ever need to delve into the murky world of mortgage lending again. Thank you so much!
Andrea Williamson
Sep 25, 2017
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